The mutual needs to raise as much as �1.8bn to repair its bank's balance sheet and said on Friday that it was �undertaking an extensive review� of the business.

LONDON--The U.K. government will propose that the European Union should commit to a legally binding 50% cut in emissions of carbon dioxide, compared with 1990 levels, by 2030, the country's Secretary of State for Energy and Climate Change, Ed Davey, ...

More than 30 of the coalition's flagship schemes, including Universal Credit and high-speed rail, are at serious risk of failure, a report says.

Angry shareholders of HSBC on Friday bombarded the group's board with barrage of accusations ranging from financing Mexican drug cartels to supporting tax havens, slashing jobs and mis-selling products.

Suffolk's growing reputation as the �green coast� has received a major shot in the arm after officials approved a 140 turbine offshore wind farm.

Households paid off �241m more mortgage debt than they borrowed in an effort to get on top of their debts. Before May last year, net lending had never been negative since the BBA started collecting the data in 1997.

The euro zone has been reminded lately that although investors are showing renewed confidence in its financial markets that its crisis is still simmering below the surface.

Activity in the vital services sector increased, according to the latest Markit PMI survey for April giving the clearest indication yet that the economy is improving.

DMGT reported a 30 per cent rise in half-year profit and raised its dividend, amid strong growth in its events business and the performance of MailOnline.

With the cold weather continuing to increase demand for gas and a lack of investment meaning there is little storage capacity UK gas reserves are at a critical level.